News Hub: J.P. Morgan Profit Jumps 47%

1/14/2011 9:17AM

Michael Casey has the latest economic and earnings numbers, including modest rises in both consumer prices and retail sales plus what's moving markets before the opening bell, most notably quarterly from J.P. Morgan.

This transcript has been automatically generated and may not be 100% accurate.

Gou ... I I ... breaking news the market ... I had a core CPI a little bit softer than expected forty one and can surprise overall ... of the five tenth and Michael Casey joins us to go over that smothered the gears I mean ... yes but nice to get to get the retail sales ... there there's other stuff happening this morning futures are in ... the CPI numbers are encouraging the league of course ... most expected that the headline number of ... shopping for predicting ... the opposite happened ... um ... the that that may speak to some pricing power and lead to some extent which is ironic the good news of the ... unit that is something that could ... soon but they don't want to defect ... to the recent inflation pressures arising ... from ... elsewhere at the time taken hold and numbers out this morning still in the morning knowing looking pretty good ... much of the Odyssey is a great dichotomy in ... the private sector the bank soon enough to do with the government these banks at all ... and in their governments and the sea route ... the staff of the city's AARP's interest in helping people will ... nonetheless ... Pintos well for an awesome was lost on a one-year stint ... profits that this is a positive signals that despite this the Queen of pop music automated ... time it's the newest addition exceeded all ... else around the world China ... hiked its reserve requirement ratio for banks um which ... is yet another sign is if this little bit of money out of the system ... and that's ... had had some may view inflation's as the Aussie dollar courses being hit by ... floods in all sorts of the biblical wisdom ... is ... hasn't done very well out of that ... and um we've seen the dollar rise on that it's the ones that did so beloved of mixed signals to it and it looks like Allied nations sit around the world just try to figure out how much inflation problem they are facing what to do about it that is the second time in the past year that ... China has taken a step in with interesting that it still had an impact on the market on Saturday to use inflation to bet that the union have not been to ... question there is a global problem taspoglutide solutions of a PC denies it ... let's not forget challenger to the bank stocks have risen quite a long ... time beating up to the morning so ... I don't respect of the bulb out of ... the ... I doubt there is a big